Patterson-UTI operated an average of 93 U.S. drilling rigs in February 2026, with a two-month average of 94.

Patterson-UTI reported operating an average of 93 drilling rigs in the U.S. during February 2026, with the two-month average through February 28 at 94 rigs, reflecting revenue-generating activity under active contracts. The company noted that rig counts do not guarantee future financial performance due to factors like oil prices, demand, equipment availability, and economic conditions. It provides drilling and completion services in the U.S. and global markets, with ongoing monthly updates on rig activity. Forward-looking statements are subject to risks including market volatility, supply chain issues, regulatory changes, and cybersecurity threats.